Ameriprise Financial vs Progressive Car Insurance for 2023
A comprehensive examination of Ameriprise Financial and Progressive Car Insurance reveals distinct strengths and weaknesses, enabling you to make informed decisions for your auto insurance needs.
Free Car Insurance Comparison
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Chris Abrams
Licensed Insurance Agent
Chris is the founder of Abrams Insurance Solutions and Marcan Insurance, which provide personal financial analysis and planning services for families and small businesses across the U.S. His companies represent nearly 100 of the top-rated insurance companies. Chris has been a licensed insurance agent since 2009 and has active insurance licenses in all 50 U.S. states and D.C. Chris works tireles...
Licensed Insurance Agent
UPDATED: Feb 23, 2025
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance provider and cannot guarantee quotes from any single provider.
Our car insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different car insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about car insurance. Our goal is to be an objective, third-party resource for everything car insurance-related. We update our site regularly, and all content is reviewed by car insurance experts.
UPDATED: Feb 23, 2025
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance provider and cannot guarantee quotes from any single provider.
Our car insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different car insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
Discovering the ideal auto insurance rates involves a nuanced evaluation of multiple variables. Our analysis spotlights Ameriprise Financial and Progressive, revealing intriguing insights into how factors such as credit score, mileage, coverage level, and driving record influence monthly premiums.
From commendable discounts for clean records to progressive rate adjustments for specific incidents, this breakdown provides a snapshot of which company offers the most advantageous rates across diverse customer profiles. Explore the data to align your coverage needs with the insurance provider that best caters to your unique circumstances.
| Factor | Ameriprise Financial | Progressive |
|---|---|---|
| Clean Record | $224 | $105 |
| 1+ Ticket | $252 | $140 |
| 1+ Accident | $310 | $186 |
| DUI | $361 | $140 |
| Poor Credit | $372 | $181 |
*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver
| Discount | Ameriprise Financial | Progressive |
|---|---|---|
| Safe Driver | 10% | 31% |
| Low Mileage | 8% | 20% |
| Anti Theft | 25% | 5% |
| Paperless | 3% | 15% |
| Senior Driver | 25% | 10% |
| Good Student | 25% | 10% |
Ameriprise Financial Car insurance
Pros:
- Long-standing History: Founded in 1894, Ameriprise Financial has a rich history and has been serving customers for over a century.
- Comprehensive Coverage: Offers a variety of car insurance coverage options, including liability, collision, comprehensive, personal injury protection, and uninsured motorist coverage.
- Family Discounts: Provides comprehensive family discounts, including multi-car and bundling options, making it an attractive choice for families.
- Customer Service: While not explicitly mentioned in the content, Ameriprise Financial’s long-standing presence may indicate a commitment to customer service.
Cons:
- Limited Availability: Ameriprise Financial operates in 45 states, potentially limiting its availability for some customers.
- Less Focus on High-Risk Drivers: According to recent studies, Ameriprise Financial tends to offer lower rates for drivers with good records, which might not be as favorable for high-risk drivers.
Enter your ZIP code below to view companies that have cheap auto insurance rates.
Secured with SHA-256 Encryption
Progressive Car Insurance
Pros:
- Innovation and Affordability: Progressive, founded in 1937, focuses on providing innovative and affordable insurance solutions, reflecting a commitment to staying competitive.
- Nationwide Coverage: Progressive offers coverage in all 50 states, providing a broader reach compared to Ameriprise Financial.
- Tailored Discounts: Provides discounts for high-risk drivers, making it a potentially more attractive option for individuals with a history of accidents.
- Snapshot Program: Offers a unique Snapshot program for discounts based on driving behavior.
Cons:
- Higher Rates for Good Drivers: According to recent studies, Progressive may offer higher rates for drivers with good records, potentially making it less competitive for this demographic.
- Shorter History Compared to Ameriprise: While founded in 1937, Progressive has a shorter history compared to Ameriprise Financial.
Best Overall Car Insurance Company: Progressive
After a thorough review of Ameriprise Financial and Progressive Car Insurance, Progressive stands out as the best overall choice for car insurance.
Competitive Rates: Progressive’s ability to offer lower rates for high-risk drivers and those with a history of accidents positions it as a more versatile choice catering to a broader range of customers.
Innovative Solutions: The company’s commitment to providing innovative and affordable insurance solutions aligns well with the evolving needs of today’s drivers.
Nationwide Coverage: Operating in all 50 states, Progressive offers a broader reach compared to Ameriprise Financial, ensuring accessibility for a wider customer base.
Snapshot Program: Progressive’s Snapshot program provides an additional layer of personalization, offering discounts based on driving behavior.
Discount Variety: Both companies offer a variety of discounts, but Progressive’s focus on tailoring discounts for different risk profiles gives it a competitive edge.
Efficient Claims Process: Progressive’s commitment to efficient and accessible claims processing, including online, over the phone, and through mobile apps, enhances customer convenience.
While Ameriprise Financial has its strengths, including a long-standing history and comprehensive family discounts, Progressive’s overall performance across various factors makes it the preferred choice for customers seeking a well-rounded car insurance provider.
Ameriprise Financial
Ameriprise Financial, founded in 1894 and headquartered in Minneapolis, Minnesota, boasts a rich history spanning over a century. Initially established as an investment firm, Ameriprise has evolved into a comprehensive financial services provider.
The company’s mission is rooted in helping customers achieve their financial goals through an extensive range of products and services, including insurance, investments, and retirement planning. Ameriprise Financial has steadily expanded its presence and currently operates in 45 states across the United States.
With a focus on financial well-being, the company has earned a reputation for offering diverse solutions to meet the varied needs of its clientele.
Enter your ZIP code below to view companies that have cheap auto insurance rates.
Secured with SHA-256 Encryption
Progressive Car Insurance
Progressive, founded in 1937 and headquartered in Mayfield Village, Ohio, has carved a niche for itself as an innovative and customer-centric car insurance provider. The company’s origins trace back to its pioneering approach in introducing drive-in claims service, revolutionizing the insurance industry.
Progressive’s mission revolves around providing innovative and affordable insurance solutions while maintaining a commitment to excellent customer service. Operating in all 50 states, Progressive has achieved nationwide coverage, catering to a diverse clientele.
Over the years, the company has embraced technological advancements, evident in programs like Snapshot, which tailors discounts based on individual driving behaviors, showcasing a forward-thinking approach in the ever-evolving landscape of car insurance.
Products and Services
Ameriprise Financial offers a variety of car insurance coverage options, including liability, collision, comprehensive, personal injury protection, and uninsured motorist coverage. They also offer add-on coverage options such as rental car reimbursement, roadside assistance, and glass coverage.
In addition, they provide coverage for recreational vehicles, boats, and motorcycles. Ameriprise Financial offers its services in 45 states across the US.
Progressive offers similar car insurance coverage options, including liability, collision, comprehensive, personal injury protection, and uninsured motorist coverage.
They also offer add-on coverage options such as rental car reimbursement, roadside assistance, and custom parts and equipment coverage. Additionally, Progressive offers coverage for RVs, boats, and motorcycles. Progressive provides services in all 50 states.
Cost and Availability
The cost of car insurance coverage varies depending on multiple factors such as age, gender, location, and driving record. According to recent studies, Ameriprise Financial tends to offer lower rates for drivers with good driving records and credit scores. However, Progressive tends to offer lower rates for high-risk drivers and those with a history of accidents.
Enter your ZIP code below to view companies that have cheap auto insurance rates.
Secured with SHA-256 Encryption
Ameriprise Financial and Progressive Discounts
Both Ameriprise Financial and Progressive offer a variety of discounts to their customers. Some of the discounts available include safe driver discounts, good student discounts, multiple policy discounts, and multi-car discounts.
Ameriprise Financial also offers loyalty discounts and discounts for bundling insurance and financial planning services. Progressive offers discounts for using their Snapshot program and for customers who pay their premiums in full.
Case Studies: Comparing Ameriprise Financial vs. Progressive Car Insurance
Case Study 1: Sarah’s Coverage Dilemma
Sarah, a 35-year-old driver with a clean record, recently moved to a new state and was looking for car insurance coverage. She compared quotes from both Ameriprise Financial and Progressive Car Insurance. After careful consideration, she found that Ameriprise Financial offered better rates for her specific coverage needs and decided to choose them as her car insurance provider.
Case Study 2: John’s Savings Strategy
John, a 50-year-old driver with a history of accidents, was concerned about his high-risk profile affecting his car insurance rates. He obtained quotes from Ameriprise Financial and Progressive Car Insurance. After comparing the rates, he discovered that Progressive Car Insurance provided him with more affordable options and decided to go with them, taking advantage of their discounts for high-risk drivers.
Case Study 3: Family Discounts for the Wilsons
The Wilson family, with two parents and three teen drivers, chose Ameriprise Financial for their car insurance due to its comprehensive family discounts, including multi-car and bundling options.
Ameriprise Financial vs. Progressive Effortless Claims Process
Ease of Filing a Claim (Online, Over the Phone, Mobile Apps)
Both Ameriprise Financial and Progressive Car Insurance offer multiple ways for customers to file claims, making the process convenient and accessible. Customers can choose to file claims online through the respective company’s website or mobile app. Additionally, both companies provide the option to file claims over the phone, ensuring flexibility for policyholders in case they prefer speaking with a representative.
Average Claim Processing Time
The average claim processing time may vary depending on the specific circumstances of each claim and the complexity of the situation. Policyholders need to contact their respective insurance providers for accurate information on claim processing times. Both Ameriprise Financial and Progressive aim to process claims efficiently and promptly, but the time frame can differ based on individual cases.
Customer Feedback on Claim Resolutions and Payouts
Customer feedback is a valuable source of information when evaluating insurance providers. Policyholders often share their experiences regarding claim resolutions and payouts through reviews and testimonials.
To get a better understanding of how Ameriprise Financial and Progressive perform in this aspect, potential customers should explore online reviews and ask for recommendations from peers who have had experience with these companies. It’s essential to consider a range of opinions to make an informed decision.
Enter your ZIP code below to view companies that have cheap auto insurance rates.
Secured with SHA-256 Encryption
Unveiling Cutting-Edge Digital and Technological Features by Ameriprise Financial vs. Progressive
Mobile App Features and Functionality
Both Ameriprise Financial and Progressive offer mobile apps that provide convenient access to policy information, digital ID cards, and the ability to file claims directly from a mobile device.
These apps may also include features like bill payment, policy management, and roadside assistance. Customers should explore the specific functionalities of each company’s mobile app to determine which one aligns better with their preferences and needs.
Online Account Management Capabilities
Policyholders of Ameriprise Financial and Progressive have access to online account management portals, allowing them to view policy details, make payments, and update personal information. These online platforms offer convenience and flexibility in managing insurance policies. Customers can explore these portals to understand how user-friendly and comprehensive they are for their specific requirements.
Digital Tools and Resources
Both insurance providers offer digital tools and resources to assist customers in understanding their coverage options and making informed decisions. These resources may include online calculators, educational articles, and FAQ sections on their websites.
Potential customers can explore these digital resources to gain a better understanding of the insurance products offered by Ameriprise Financial and Progressive and how they align with their needs and preferences.
Frequently Asked Questions
How do Ameriprise Financial and Progressive Car Insurance differ?
Ameriprise Financial and Progressive Car Insurance are two different companies that offer different types of services. Ameriprise Financial focuses on financial planning and wealth management, while Progressive Car Insurance specializes in insurance coverage for vehicles.
Can I get car insurance through Ameriprise Financial?
Yes, Ameriprise Financial offers car insurance as one of their insurance products.
How does Ameriprise Financial car insurance compare to Progressive Car Insurance?
The coverage and rates for Ameriprise Financial car insurance and Progressive Car Insurance may differ, depending on factors such as your location, driving history, and the type of vehicle you have. It’s important to compare the policies and rates of both companies to determine which one is best for you.
Does Progressive Car Insurance offer discounts on car insurance?
Yes, Progressive Car Insurance offers a variety of discounts on their car insurance policies, such as safe driver discounts, multi-car discounts, and bundling discounts when you combine your car insurance with other insurance products.
Which company has better customer service, Ameriprise Financial or Progressive Car Insurance?
Customer service experiences can vary between companies and individuals. Both Ameriprise Financial and Progressive Car Insurance have customer service departments that are available to assist customers with questions and concerns.
Enter your ZIP code below to view companies that have cheap auto insurance rates.
Secured with SHA-256 Encryption
Chris Abrams
Licensed Insurance Agent
Chris is the founder of Abrams Insurance Solutions and Marcan Insurance, which provide personal financial analysis and planning services for families and small businesses across the U.S. His companies represent nearly 100 of the top-rated insurance companies. Chris has been a licensed insurance agent since 2009 and has active insurance licenses in all 50 U.S. states and D.C. Chris works tireles...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about car insurance. Our goal is to be an objective, third-party resource for everything car insurance-related. We update our site regularly, and all content is reviewed by car insurance experts.